Overview
What is Builders Of Hope Cdc?
Builders of Hope CDC is a community development organization situated in Dallas, Texas. With a dedicated team of seven individuals, its mission is to revitalize Dallas by constructing strong, energy-efficient, and affordable homes within the community. This multifaceted organization is committed to improving living standards and fostering a sense of unity within the city.
Official website here: www.bohcdc.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 55%, One-Star out of Four Star rating.
Builders Of Hope Cdc has received a low score of 55% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has a strong governance structure with an independent board and effective audit oversight, but it struggles notably in areas related to financial transparency and program expenses.
Strengths identified include a fully independent board and adherence to policies regarding conflict of interest and document retention. However, the nonprofit faces criticism for its lack of a whistleblower policy and failure to post essential financial documents on its website. The program expense ratio is particularly alarming, as it received a score of 0 out of 25 points, suggesting that the funds raised may not be effectively allocated toward its intended programs.
Overall, while Builders Of Hope Cdc demonstrates some strengths in governance, the critical financial shortcomings raise concerns about its operational effectiveness. Potential donors and supporters should consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Builders Of Hope Cdc legitimate?
Builders Of Hope Cdc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Builders Of Hope Cdc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $104,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $395,699
For more financial information, click here
Official website here: www.bohcdc.com
What is the mission statement of Builders Of Hope Cdc?
Builders of Hope CDC is a community development organization committed to transforming lives in a particular location, in this case, Dallas. Their mission is multifaceted, focusing on building robust communities and constructing energy-efficient, high-quality, and affordable homes. This organization aims to improve the living conditions of its community members by prioritizing strong social connections and sustainable housing solutions.
Official website here: www.bohcdc.com
Who is the CEO of Builders Of Hope Cdc?
James Armstrong is the Director of Builders Of Hope Cdc. The CEO's salary of Builders Of Hope Cdc is $0 and their total compensation is $0.
Official website here: www.bohcdc.com
What is the revenue of Builders Of Hope Cdc?
Builders Of Hope Cdc's revenue in 2022 was $2,156,362.
Official website here: www.bohcdc.com
Who are the executives of Builders Of Hope Cdc and what are their salaries?
The average compensation at Builders Of Hope Cdc during 2022 was $71,409. There are 7 employees and 10 volunteers at Builders Of Hope Cdc.
Here are 6 key members and their salaries (Builders Of Hope Cdc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bohcdc.com
Where can I find the form 990 for Builders Of Hope Cdc?
Builders Of Hope Cdc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bohcdc.com
Learn more at the official website: www.bohcdc.com
Mission Statement of Builders Of Hope Cdc
Builders of Hope CDC, as a multifaceted community development organization, is committed to transforming Dallas by constructing strong, cohesive communities and building energy-efficient, high-quality, and affordable homes. Their mission is centered around enhancing the livability of Dallas neighborhoods by fostering community engagement and providing residents with affordable housing options. By focusing on building strong communities, Builders of Hope CDC aims to improve the overall well-being of the Dallas population and contribute to a more sustainable and equitable city.
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Impact
July, 2024
Builders Of Hope Cdc has a significant impact on Dallas by building strong communities and constructing energy-efficient, quality affordable homes. Their work directly contributes to the transformation of neighborhoods in Dallas, improving living conditions and fostering a sense of community among residents. Through their mission, Builders Of Hope Cdc plays a vital role in enhancing the overall quality of life for individuals and families in the area.
This information is meant to be a general summary of Builders Of Hope Cdc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $209,015
- Gross Receipts: $2,156,362
Assets and Liabilities:
- Total Assets: $2,016,873
- Total Liabilities: $1,326,710
- Net Assets: $690,163
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME AND LOT SALES
Revenue
$208,764
OTHER
Revenue
$251
Organization Details
Founding Year
1998
Principal Officer
James Armstrong
Main Address
PO BOX 224723, DALLAS, TX, 75222
Website
www.bohcdc.comNTEE Category
Code: S20 - Community improvement
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